SOUTHWEST MICHIGAN SYMPHONY ORCHESTRA ASSOCIATION INC

EIN: 386090138 501(c)(3) Arts, Culture & Humanities

ST JOSEPH, MI

Total Revenue
$378,879
Total Expenses
$596,651
Total Assets
$309,405
Net Assets
$271,919
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
MI
Principal Officer
BILL DOWNEY
Phone
2699824030
Tax Period
2022-06-01 to 2023-05-31

SOUTHWEST MICHIGAN SYMPHONY ORCHESTRA ASSOCIATION INC, founded in 1951, is a small nonprofit in the Arts, Culture & Humanities sector that reported $379K in total revenue in fiscal year 2022. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $597K exceeded revenue, resulting in a 57% operating deficit.

Mission

PROVIDE MUSIC APPRECIATION TO THE COMMUNITY AND EDUCATE THE YOUTH WITH RESPECT TO MUSIC & MUSIC APPRECIATION.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $265,169
Program Service Revenue $102,251
Investment Income $0
Other Revenue $11,459
TOTAL REVENUE $378,879

Expense Breakdown

Grants Paid $0
Salaries & Benefits $284,843
Fundraising Expenses $52,317
Program Expenses $351,621
Other Expenses $311,808
TOTAL EXPENSES $596,651

Year-over-Year Comparison

2022 2021 Change
Revenue $378,879 $663,402 -0.4%
Expenses $596,651 $474,299 +0.3%
Net Income $-217,772 $189,103 -2.2%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
10
Employees
166
Volunteers
28

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$38,958
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BILL DOWNEY PRESIDENT 0.00
Officer Director
$0 $0 $0
AFIYA LATHAM VP ADMINISTRATION 0.00
Officer Director
$0 $0 $0
GREG ZYJEWSKI VP EDUCATION 0.00
Officer Director
$0 $0 $0
KELSEY CHEYNE TRUSTEE 0.00
Director
$0 $0 $0
CHRISTOPHER CONLEY TRUSTEE 0.00
Director
$0 $0 $0
DENNIS DISCH TRUSTEE 0.00
Director
$0 $0 $0
MELANIE GOFF TRUSTEE 0.00
Director
$0 $0 $0
JEREMY THIELE TRUSTEE 0.00
Director
$0 $0 $0
ANDREW BENEDICT FISHER TRUSTEE 0.00
Director
$0 $0 $0
EMILY KIRCHNER TRUSTEE 0.00
Director
$0 $0 $0
JESSICA ISHMAEL EXECUTIVE DIRECTOR 40.00
Officer
$38,958 $0 $38,958
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $378,879 $596,651 $309,405 $-217,772
2022 $663,402 $474,299 $502,439 $189,103
2021 $233,405 $155,505 $372,595 $77,900
2020 $598,771 $508,203 $235,589 $90,568
2019 $581,201 $671,358 $256,796 $-90,157
2018 $658,384 $708,761 $375,714 $-50,377
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